(Minneapolis, MN) — The NBA says the sale of the Minnesota Timberwolves is official. The league announced the sale of the Timberwolves and the Minnesota Lynx after a unanimous vote made by the NBA Board of Governors on Tuesday.
The franchises are being sold for $1.5 billion dollars by Glen Taylor to a group led by former baseball All-Star Alex Rodriguez and businessman Marc Lore. Taylor attempted to cancel the deal last year, but a court-ordered arbitration ruling favored Rodriguez and Lore.
The Wolves hold the 17th pick in the first round of the NBA Draft on Wednesday, June 25.
